-Rare opportunity in an absolutely prime location across the street from the Botanical Gardens and one building down from Tower Grove Park. 

-This architecturally significant 12 unit building has a mix of 2 and 3 bed units. 

-Current owner has meticulous financials and is currently using 2 units as Airbnb’s with very consistent and strong performance. 

-This building maintains very high demand for both long and short term tenants. 

-Building is fully occupied with well below market rents. 

-6 of the 12 units have been recently updated and the other units were updated approximately 15 years ago. 

-Updated two bedroom apartments in the Shaw neighborhood range from $1,250 to $1445 and 3 beds range from $1,295-$1,800 depending on updates, size and amenities. 

-There have been lots of capex upgrades including HVAC, kitchen/bath finishes, appliances, lots of PVC plumbing, and mostly TPO covered roof.

-Building is professionally managed. 

-An inspection has already been completed and can be supplied with serious interest for a smooth transaction and no surprises.

Building is vacant. There are no signs/advertising. Building is sold AS IS. Provide proof of funds and/or pre-approval with offer. School districts to be verified by buyer. Building age and sq ft are estimates (tax records incomplete) and to be verified by buyer.

Massive duplex in desirable Shaw neighborhood. Walking distance to bars/restaurants, Tower Grove Park, & Botanical Gardens. Wonderful fit for owner-occupants looking to supplement their mortgage while living in a great area. 1st-floor unit 2 bed 1 full bath with large kitchen, living room, and foyer/entry area with closet. 2nd-floor unit 3 bed (one of which is small & over stairwell) 1 full bath. Central AC and heat. 1st-floor furnace and condenser replaced August of 2022 with warranty to be registered in new owner’s name (see supplements). PEX plumbing and PVC stacks. All electric. Clean dry basement with laundry hookups. Both units have interior access/stairs to basement. Newer concrete two-car parking pad. Sold AS-IS. Both units currently vacant & available to view. Market rate rent for similar finish/size units approximately $1,495-1,695 potentially covering entire mortgage payment. Property taxes are currently very low at $655/year.

Video walk-through on YouTube see link – https://youtu.be/ECkWyrelpcQ

Appointment-Lockbox, Appt. through MLS, Other Lock Box, Show at Will, Vacant

• Located in historic Old Town Florissant with shopping, dining located in historic buildings.
• On Rue St. Francois there are annual events and festivals including the Valley of Flowers Festival, Fall Festival and Wednesday night out parties.
• Florissant has been previously ranked as the #1 best small city to retire in and #2 safest in Missouri.
• Complex built in 1986.
• Easy to maintain solid brick building with pitched roof, built on a slab.
• All apartments have central heat and air conditioning and updated electric.
• Rents can be raised considerably as is and additionally with minor cosmetic upgrades.
• Two apartments for rent just rented for $775 in 2 days, the last apartment for rent will be marketed at $800.
• Rents for similar size 1 bedroom apartments rent as much as $800 nearby.
• Units have washer/dryer hookups in all units and vinyl windows.
• Building is a 55+ senior building with many long term tenants.
• There is shared parking next door in the rear.
• Located next to a restaurant with seating adjacent to the building.
• Seller is encouraging offers.